![]() ![]() ![]() Evercore acted as financial advisor and Willkie Farr & Gallagher LLP served as legal advisor to Virgin Pulse. William Blair & Company, LLC acted as financial advisor and Kirkland & Ellis LLP served as legal advisor to Marlin. The company also has global centers of excellence in multiple international locations, including Australia, Canada, the United Kingdom, Switzerland, Bosnia, Brazil and Singapore.įinancial details of the transaction have not been disclosed. The combined organization will be based out of Virgin Pulse’s corporate headquarters in Providence, RI, and will maintain a major office in Minneapolis, MN and a coaching center in Phoenix, AZ. RedBrick and Virgin Pulse will unite under the Virgin Pulse name but will continue to operate as separate brands. Combining our product portfolios and resources allows us to maximize our investments in R&D and operations, and ensures that our clients and consumers have access to the best, most innovative wellbeing and engagement solutions and services available.” The merger is a win for the entire industry – clients, consumers, partners, consultants – and raises the bar for what employers and employees should expect from their engagement partner. As first-movers in this space, and with substantial investment from our new partner, Marlin Equity Partners, we are well-positioned to execute an aggressive growth strategy and change even more lives around the world for good.”ĭan Ryan, CEO of RedBrick remarked, “Virgin Pulse and RedBrick are a logical fit, and it should be no surprise that we are finally coming together. ![]() “Bringing together RedBrick’s live and digital coaching and benefits navigation with Virgin Pulse’s mobile-first, daily engagement platform allows us to deliver the industry’s only global, one-stop-shop for employees and employers. “We are thrilled to join with RedBrick to set a new vision and standard for employee health, wellbeing and engagement,” said David Osborne, CEO of Virgin Pulse, who will serve as CEO of the combined company. The combination of the two companies also creates an extensive and growing network of strategic ecosystem partners spanning mental wellbeing, financial wellbeing, sleep, nutrition, telemedicine, cost transparency, treatment decision support and more. Together, Virgin Pulse and RedBrick have one of the largest global customer bases in the industry. RedBrick has firmly established itself as the partner of choice for large enterprises, with its highly configurable workflows and best-in-class health coaching and live services. Virgin Pulse is widely recognized for having the industry’s highest member engagement rates on its personalized, mobile-first platform that supports employees in improving their health and wellbeing. Virgin Pulse and RedBrick are clear industry leaders in employee health, wellbeing and engagement, with each company delivering highly complementary capabilities to the market. “This is a multibillion-dollar market that is hungry for innovation, desperate for disruption and ripe for consolidation, and we are committed to doubling down on these two leaders to move this market forward and unlock the value of employee health and wellbeing.” “Our investment, which brings together two leaders in the health and wellbeing market, underscores our strong belief in the potential to transform this highly fragmented industry,” said Michael Anderson, a managing director at Marlin Equity Partners. This powerful combination will deliver the industry’s only fully integrated digital platform with benefits navigation and live coaching to support global clients and members across the entire health, wellbeing and benefits lifecycle. Marlin has merged the two industry pioneers to create the world’s largest, most comprehensive digital health and engagement company. May 22, 2018, LOS ANGELES, CA – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Virgin Pulse and RedBrick Health (“RedBrick”), two leading global providers of employee wellbeing solutions. ![]()
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